SUBSCRIBE NEWS LETTER

electric vehicles

RECPDL Hands Over 6 Special Purpose Vehicles to PGCIL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, an NBFC Maharatna CPSU under the Ministry of Power, has announced the handing over of six projects’ specific SPVs (Special Purpose Vehicles) to PGCIL (Power Grid Corporation of India Limited). These SPVs have been mainly established for constructing transmission projects in […]

Read more

The Top 5: Electric Motorcycles in India in 2023

Electric vehicles started competing with conventional fossil fuel-run vehicles in the last few years. The year 2022 was a significant year for EVs, as it saw the addition of over 10 million new BEVs and PHEVs to the global EV fleet, a 55 percent increase from 2021. Just like many other major economies, India too […]

Read more

Mercedes to Invest on Large Scale in Electric Vehicle Plants

German automotive giant Mercedes has said that it is setting sights on investing billions of dollars towards the modernisation of its electric vehicle plants in China, Germany and Hungary. In order to cut emissions, the automaker will be shifting to electric vehicles. The European Union will be looking to cut down CO2 emissions per passenger […]

Read more

AMU Leasing Partners with EV Firms to Deploy Over 600 ICE-to-EV 3W Cargo Vehicles

Non-banking financial company and Delhi-based EV-exclusive lending platform, AMU Leasing Pvt Ltd has joined forces with 3ev Industries Pvt Ltd and 3eco Systems Pvt Ltd. The collaboration looks to introduce a new initiative focussed on the deployment of more than 600 converted ICE-to-EV three-wheel L-5N cargo vehicles in India. This is to be achieved within […]

Read more

Electric Vehicle Growth Continues: Outlook for 2023

Electric vehicles (EVs) registered a market disrupting growth through the last decade, more so in the last few years. Clean mobility technology remains one of the most important aspects of energy transition across the globe. The year 2022 was a significant year for EVs, and the expectations are that the trend will continue in 2023. […]

Read more

Ola Electric to Make EVs, Batteries in Tamil Nadu with Investment of Rs 7,614 Crore

The Tamil Nadu government has issued a statement that electric vehicle manufacturer Ola Electric will be investing Rs 7,614 crore ($920 million) in Tamil Nadu for the production of electric cars and batteries for electric vehicles (EVs). The investment of $920 million from the firm will come through its subsidiaries Ola Electric Technologies and Ola […]

Read more

AutoNxt Automation Unveils Self-Driven E-Tractor at Chandigarh Electric Vehicle Expo

AutoNxt Automation, which claims to be India’s first electric tractor venture, showcased its self-driving Electric Tractor at Chandigarh Electric Vehicle Expo held recently. PHD Chamber of Commerce and Industry (PHDCCI) organized the electric vehicle expo at sector 34 exhibition ground at Chandigarh. The firm will soon launch, what it calls India’s first electric, autonomous (self-driving) […]

Read more

Electric CV Distribution and Financing Firm Turno Raises $13.8 m Funding

Turno, an EV distribution and financing platform firm has announced that it has raised $13.8 million (~ INR 112 crores) in its Series A funding from global investors such as B Capital, Quona Capital, Stellaris Venture Partners and others. The funds will be utilized to expand its Electric Vehicle distribution platform across India and build a complete used battery […]

Read more

Zypp Electric Lands $25m Series B Round

B2B delivery and shared mobility startup, Zypp Electric has raised $25 million in a Series B round led by Taiwan-based battery-swapping platform Gogoro. This is the first funding round for the Gurgaon-based company in 2023. The fundraise is a mix of $20 million equity and $5 million of debt funding. The round also saw participation […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll